Home for the Holidays!

FHA brings the holidays home with a special homes sales event

To help increase homeownership opportunities during this holiday season, the U.S. Department of Housing and Urban Development is launching its special "FHA Brings the Holidays Home" sales campaign. This campaign is especially designed for low- to moderate-income families that may believe homeownership is out of their reach, by offering special incentives on the sale of HUD-owned single-family properties across the country.
During the sales event, homebuyers who purchase a HUD-owned home and finance the purchase with an FHA-insured loan will be entitled to valuable sales incentives including:
$2,500 holiday home improvement allowance $500 selling broker bonus Minimum required downpayment of only $100 The incentives are effective for HUD homes sold between Friday, December 8, 2006 and Friday, January 5, 2007 to homebuyers who intend to occupy the property as their primary residence for at least 12 months and who do not currently have an FHA-insured mortgage.
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Source: U.S. Department of Housing and Urban Development